How to invest in metaverse
Bloomberg Intelligence has estimated that the Metaverse market will reach $800 billion by 2024. Although this universe isn't a real thing yet, there's no doubt that it holds enormous potential in the market. Many investors are already beginning to wonder how to invest in the metaverse to bet everything on its potential.
So how do you invest in something totally unknown and seemingly risky? We tell you everything you need to know to take the leap and decide whether it's worth investing in the metaverse.
How to invest in metaverse?
How can you invest in the metaverse? More and more companies have decided to invest money in research and development projects in this field. At the same time, there are a growing number of cryptocurrencies based on virtual worlds where you can use your tokens.
So far, the best way to invest in the metaverse is through Facebook shares. These are the ones at the forefront of the development of this digital world. Another method is through cryptocurrencies, such as Decentraland, which has offered the opportunity to buy assets and services in an alternative reality.
The best stocks to invest in the metaverse
The first option to invest in the metaverse is by buying shares of companies linked to this virtual reality. These are the 4 most relevant companies to buy stocks:
As mentioned above, the best way to invest in the metaverse is to buy Facebook shares. This company introduced this digital world to the general public after replacing the brand name with "Meta".
The stated goal of this company, in Zuckerberg's words, is to move from being considered a social networking company to a metaverse company. To this end, developing Oculus VR glasses for augmented reality is just Facebook's first step on this new journey. The stock held steady following this announcement by Zuckerberg, something that has caught the attention of investment analysts.
This virtual world of augmented reality needs a highly solid technological infrastructure. Nvidia offers cutting-edge products that facilitate the creation of digital platforms. This company has been working on projects related to the metaverse for some time.
It has particularly focused on the development of Omniverse, a platform specifically for this new world. NVDA shares are already experiencing a bull run on the Nasdaq, which has few peers in the metaverse. With this new partnership, its run is likely to continue like this for a long time to come.
Bill gates' company is also developing a corporate metaverse based on cloud computing. This consists of a solution for connecting company employees through avatars in various meetings. It'll be like a kind of Matrix, by using 3D glasses it'll be possible to access this augmented reality.
Microsoft is undoubtedly a very popular company because of its dividend. So it has a good chance of generating excellent returns on the Nasdaq.
This innovative video game company has been listed on the New York Stock Exchange since March 2021. Roblox is at the forefront of building the virtual ecosystem of the metaverse. For some time now, many video games, such as Fornite, have allowed interaction with the virtual world, through 3D glasses.
However, Roblox goes further. This company has a platform where users can create their games or carry out virtual events, such as the Gucci fashion show. Therefore, Roblox has already created its virtual world based on the metaverse, and with further development, it'll even be able to bring all its expertise in the field.
Investing through ETFs
One sector that is in full growth in recent months is metaverse-linked EFTs. So far there's only one available to invest in the metaverse, which is the Roundhill Ball Metaverse. Betting on an EFT like this is the best option for new investors. This one will allow you to diversify your investment across multiple companies.
Investing through cryptocurrencies
A virtual world can only advance through digital currencies, which will be the economic and financial basis of the metaverse. These are some of the best cryptocurrencies of the metaverse:
- Decentraland (MANA)
- Sandbox (SAND)
- Metaverse Index (MVI)
- Gala Games (GALA)
- Axie Infinity (AXS)
- Redfox (RFOX)
- Bloktopia (BLOK)
Where to invest in the metaverse?
To invest in the Metaverse and most of the projects linked to it, you must first use a regulated and multi-asset broker. Some, such as eToro, are CySec licensed and allow you to trade the financial markets conveniently online. On this particular platform, you can find more than 1,000 stocks, as well as a good number of ETFs and cryptocurrencies. You can thus build a real wallet linked to the metaverse assets and manage them online comfortably and securely.